The pros and cons of the EU-US TTIP free trade deal

Opinions are divided when it comes to the mammoth free trade deal

Once finalized, TTIP will create the world's largest free trade area, with about 800 million consumers.

Here are some of the main arguments brought by supporters and opponents of the deal.


- By abolishing import duties and aligning standards, TTIP could stimulate the economy and create new jobs on both sides of the Atlantic. In Germany - the EU's largest economy - one in four jobs is directly or indirectly linked to trade.

- The EU and US should join forces to prevent Asia from taking on a lead role in world trade.

- Common standards - for example, in car manufacturing - bring down production costs and could also lower prices for consumers.

- The deal could bring Europe and the US politically closer.


- The deal could lead to a weakening of standards that protect consumers, workers or the environment because they are perceived as barriers to trade.

- Rules that are partially aimed at reassuring investors that their projects will not be jeopardized by state decisions could allow large corporations to sidestep national laws and cause parliaments to lose influence.

- Import duties bring billions of dollars annually into state or EU coffers. Under TTIP, this money would no longer be available.

- State subsidies supporting cultural diversity could be challenged under TTIP.

Last update: Tue, 12/07/2016 - 13:50

More from Europe

Italy police arrest seven linked to online global paedophile network

Seven paedophiles linked to a global online network that counted tens of thousands of affiliates have been arrested...

Turkey now top 10 destination for German arms amid refugee crisis

Turkey has jumped into the top 10 in the rankings of destinations for German arms exports as Ankara responds to...

EU proposes corporate tax reforms to cut red tape, tackle abuse

The European Commission unveiled proposals Tuesday aimed at streamlining corporate tax rules across EU member states...

EU Parliament lifts Le Pen immunity over alleged racial slur

The European Parliament on Tuesday lifted the immunity of Jean-Marie Le Pen, the founder of France's far-right...

Sweden lowers projection for number of asylum seekers in 2016

Tighter border checks introduced by the European Union and individual European states were Tuesday cited as the main...